Over Rs.1,000 crore deposited Procurement process being monitored For the first time in India, the Madhya Pradesh government has directly deposited over Rs. 1,000 crore in the bank accounts of farmers against procurement of wheat in the last 25 days. This amount includes a bonus paid at the rate of Rs.100 per quintal. The direct deposit process aims at saving farmers from the clutches of middlemen and will be continued in the coming...
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Parties ask UP Govt to consider wheat export by Arvind Singh Bisht
With wheat production expected to touch a new high during the ongoing Rabi season, a demand for its export has gained ground in UP. The export, is seen as the only way to help ease the problem of plenty and also to ensure remunerative prices to farmers. Incidentally, India's overall wheat production is also estimated to go up substantially. This comes at a time, when there is a global slump with...
More »Farmers and food prices
Even as concerns are emerging about generalised inflation gripping the economy, with reports of rising wage rates, food price inflation remains the citizen’s core concern. Macroeconomic authorities have been chasing a variety of targets – monetary, fiscal and supply-side constraints – to get a better grip on prices. It is often hoped that higher prices would translate into increased production since farmers would respond positively to price signals. What then...
More »Rain, wind damage ripening wheat crop by Aman Sood
High-velocity winds accompanied by hailstorm and an incessant spell of rain for a couple of hours last night damaged the almost ripened wheat crop in villages across Patiala and surrounding areas. With farmers demanding a special girdwari, the administration may write to the government to look into their losses and order payment of adequate compensation. Reports reaching the district headquarters said that the hailstorm had flattened standing wheat crop in numerous...
More »Wheat production to be all-time high this yr by Ashish Tripathi
Union home minister P Chidambaram may consider UP as a block in India's development but the state contributes 30% in the national food basket, whereas it constitutes 16% of the land and 18% of the population. The good news is that the food share this year is all set to increase further with wheat harvest expected to be over 300 lakh metric tonnes. UP is country's top wheat producer and this...
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